11 NBA Teams Now Worth Over $1 Billion

Los Angeles Lakers

Following Steven Ballmer’s league-record $2 billion purchase of the Los Angeles Clippers last year, the values of all NBA franchises rose an average of 72 percent over the past year, reports Forbes.

The numbers are the largest one-year value gain since Forbes started estimating team prices in 1998.

Just three teams were valued at more than $1 billion on the mag’s 2014 list — the New York Knicks, Los Angeles Lakers and Chicago Bulls. This year, three teams are worth at least $2 billion, while eight others are worth more than $1 billion.

At the top of the list is Los Angeles Lakers with $2.6 billion, followed by the Knicks ($2.5 billion) and the Bulls ($2 billion). Even though Ballmer paid $2 billion for the Clippers, Forbes valued the team at $1.6 billion, fifth among teams, immediately following the fourth-ranked Boston Celtics ($1.7 billion).

The Brooklyn Nets (who are currently on the market) came in sixth at $1.5 billion, followed by the Golden State Warriors ($1.3 billion), Houston Rockets ($1.25 billion), Miami Heat ($1.175 billion), Dallas Mavericks ($1.15 billion) and San Antonio Spurs ($1 billion).

The Atlanta Hawks, who are also currently for sale, are valued at $825 million. Michael Jordan’s Charlotte Hornets are valued at $725 million, five years after he paid $275 million to buy the team.

See the full list at Forbes.com.

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